MALAYSIA Tanah Tumpah Darahku


Tuesday, April 30, 2024

One of 4 seized luxury cars allegedly owned by Jho Low, says MACC

The MACC believes one of the four seized Bugatti Veyron luxury cars in Munich, Germany was purchased by Low Taek Jho, better known as Jho Low, using funds from 1MDB.

A source told Utusan Malaysia that the remaining limited edition Bugattis allegedly belonged to former International Petroleum Investment Company managing director Khadem al-Qubaisi and Mohamed Ahmed Badawy al-Husseiny, the ex-Aabar CEO allegedly bribed by Low.

“The names of these three individuals have already been on MACC’s radar,” the source said today.

From late 2020 to 2022, MACC sent investigators to Switzerland and Germany to gather details on this case.

Utusan reported yesterday that the seized Bugattis are believed to be among 50 luxury cars linked to MACC’s 2021 probe into 1MDB.

MACC chief commissioner Azam Baki reportedly said investigations began in 2020, with a mutual legal assistance request sent to Switzerland in November 2020 to obtain information on frozen 1MDB assets.

This was followed by meetings with the Swiss Attorney-General’s Office in 2021 and 2022 regarding the 50 luxury cars and to discuss the request’s progress.

Azam added that on Oct 26, 2022, MACC requested information from German authorities on 1MDB bond funds used to buy luxury cars there.

Most recently, MACC sought the latest details from Germany.

Inspector-General of Police Razarudin Husain said the police are ready to assist MACC on the seized Bugatti Veyrons found at a private Munich storage facility. - Mkini

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